Impacts of risk aversion on whole-farm management in Syria

David Pannell and Thomas L. Nordblom

Australian Journal of Agricultural and Resource Economics, 1998, vol. 42, issue 3, 21

Abstract: This article reports on a study of the impact of risk on farm management practices in northern Syria, focusing particularly on how these are affected by risk aversion and farm size. The study is based on production data from an eight‐year field trial and on prices from market surveys. A large linear programming model is built, representing the eight years as observations from a discrete probability distribution. Risk aversion is modelled by inclusion of a utility function with constant relative risk aversion, represented using the DEMP/UEP approach.

Keywords: Farm Management; Risk and Uncertainty (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:117232

DOI: 10.22004/ag.econ.117232

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